Hong Kong Ferry (Holdings) Co (HKSE:00050) Cash-to-Debt : 186.99 (As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Hong Kong Ferry (Holdings) Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 186.99.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Hong Kong Ferry (Holdings) Co could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Cash-to-Debt or its related term are showing as below:

HKSE:00050' s Cash-to-Debt Range Over the Past 10 Years
Min: 107.65 Med: 5395.6 Max: No Debt
Current: 186.99

During the past 13 years, Hong Kong Ferry (Holdings) Co's highest Cash to Debt Ratio was No Debt. The lowest was 107.65. And the median was 5395.60.

HKSE:00050's Cash-to-Debt is ranked better than
91.74% of 1792 companies
in the Real Estate industry
Industry Median: 0.26 vs HKSE:00050: 186.99

Hong Kong Ferry (Holdings) Co Cash-to-Debt Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Hong Kong Ferry (Holdings) Co Cash-to-Debt Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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791.19

131.59

403.22

107.65

186.99

Hong Kong Ferry (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															403.22	69.87	107.65	132.20	186.99

Competitive Comparison of Hong Kong Ferry (Holdings) Co's Cash-to-Debt

For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hong Kong Ferry (Holdings) Co's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Cash-to-Debt falls into.

Hong Kong Ferry (Holdings) Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Hong Kong Ferry (Holdings) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1825.434	/	(6.883	+	2.879)
	=	186.99

Hong Kong Ferry (Holdings) Co's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1825.434	/	(6.883	+	2.879)
	=	186.99

Hong Kong Ferry (Holdings) Co (HKSE:00050) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Hong Kong Ferry (Holdings) Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Hong Kong Ferry (Holdings) Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines

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